Telenovela translates directly to "soap opera". It's an interesting word because it's a cultural touchstone in Spanish-speaking countries, often associated with dramatic and exaggerated plotlines.
In the song, the artist refers to "típica mierda de telenovela" (typical soap opera shit), using it to describe over-the-top, dramatic relationship conflicts. This makes it a memorable and culturally relevant word that adds a layer of humor and irony to the lyrics.
"Retro 11s" is Cruz Cafuné's bravado-laced breakup song, named after the Jordan Retro 11 sneakers he threatens to have sold off. The opening verses are pure spite: burn the clothes, key the car, spread the story on Twitter if she crosses him. He plays it as a streetwise city boy who already knows every trick in the book and won't be caught off guard.
Underneath the threats, the song is really about being underestimated. He keeps reminding her (and everyone listening) that people around him report back to him, so nothing stays hidden for long. The final lines drop the act completely: a vow of loyalty and respect meant to last until death, the one sincere moment in a song otherwise built on petty revenge.